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Search Results 0 to 12 of about 13 (some duplicates have been removed)
uncertainty. >> the deficit is still too high. >> gridlock over how to fix it. if it weren't for politicians in washington, 2013 could be a boom year. take a step back. your home, your investments, your job. the three ways most people build wealth are all set to take off. home prices rose 5.5% in november, biggest jump in six years, stocks are at five-year highs, near records. the dow is up 800 points in just four weeks. jobs are coming back. things are looking bright in 2013, but to capitalize, you'll have to get ready. and get smart. because smart is the new rich. company profits are up, home prices are up, markets are way up. sandy, why is this market up? i mean, end of last week, i see gdp actually shrank in the end of 2012 but markets are near records. why? >> i think three different things are going on. we are seeing signs of strength in the economy, notwithstanding the weak gdp figures. there was a lot of temporary stuff going on there. if you look at computer spending, housing in particular, you're seeing signs of strength. secondly, interest rates are extremely low and the fed has s
advising, we can replace the sequester with a smarter strategy that is a more gradual deficit reduction plan. he's going disagree with the republicans on how to do that. he's going to want revenue to be part of it. republicans will say no thank you. >> we'll get the president if a minute and a half. white house gave us a two-minute warning. i would say it's a short-term for the president and the congress not doing what they're supposed to do pass a budget every year. the president set up the sequester, a fiscal negotiations -- >> this is not a natural disaster. >> it's not a natural disaster. >> man-made. >> many ways the president's late submitting his own budget but coming to the podium because though he's part of the mess he thinks he has the upper hand. >> right. i'm having a world is upside down moment. when you talk to house republicans they say to you, you know what? this may be the best budget cuts we can get. let the sequester take effect, even if it cuts the military, the secretary and defense, leon panetta saying that would be shameful. but you have a lot of house republicans
to reduce a deficit, he said the answer will require sacrifice from everyone. >> well, i don't think the issue right now is raising rates. the question is if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there is still some waste in government. can we reform our health care programs in particular, because we spend a lot more on health care than every other country does, and we don't get better outcomes. so there is a lot of waste in the system. and there are things that we can do to reduce health care costs. and can we close some loopholes and deductions that folks who are well connected and have a lot of accountants and can take advantage of, so they end up paying lower rate that's an bus driver or a cop. can we close some of those loop holes? if we combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and things that will help us grow. >> meantime, the president leaves washington tomorrow for minnesota to make his case for new gun restriction
. >> greg? >> well, i would add that ironically the budget deficit is falling, certainly as a percentage of gdp. and we will get next week i think on the tuesday from the congressional budget office new budget figures that show that, in fact, the deficit is dropping and dropping pretty significantly. >> guy, one last question to each of you, quickly. you've been watching the marks so long. we've got near records for stocks. gdp shrank, jobless growth, okay. why is the market so excited about what's happening either corporate profits or the economy, austin? >> you know, that is -- that's a good question. i think a lot of people have been asking it. i think we have been in the context of record corporate profits. and remember the fundamentals of the stock price, if you added up all the money that the market forecasts that the company will make in the future, that's how much the stock should be worth. so record corporate profits in some sense should have been reflected in higher prices already, and now -- and the only reason they weren't, i think, was because people were afraid washington m
will do more than anything else to shrink the deficit and long-term tax reform, long-term entitlement reform. that's the right way to do it. but to cut now because we want to reform entitlements later doesn't make any sense. >> let me ask about that. you talk about tax reform. that's something the left wants and something the right wants. the problem is with tax reform, what it entails. here's the president today talking about tax reform, closing loopholes. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> they're not little and they're not few and they're not easy. of the five of the top ten tax expenditures, these are loopholes. mortgage interest deduction, the deduction we get for health care, the child tax credit, deduction for state and local taxes, charity. okay. the presid
additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. >> the republican leadership saying flatly, no more tax hikes. >> so they're all dug in again on the fiscal issues. if you look at the polls, wolf, the public wants the president and congress to tackle those fiscal issues. ironically, they may be closer on gun control. they may be closer on immigration reform. but it's still the fiscal issues that are the real problem. >> in the next few week, they have some major things coming up on those issues. dan pfeiffer, the president's senior adviser, will join us in the next hour to discuss guns, guns and guns. >>> the nation's new secretary of state's wasting no time getting down to business. john kerry spent a busy weekend on the phone with palestinian and israeli leader, plus officials in japan, south korea and turkey. all that was before he officially said hello to the state department staff today. >> here's the big question before the country and the world and the state department aft
know, we've heard from republicans, we want to shrink the government, we want to shrink the deficit but not the why. >> i definitely think we are about solving the big problems, macro fiscal problems. the president hasn't joined us. but the reason we're doing that is we want to help people. we don't want to see interest rates skyrocket. what's that going to do to people who are already struggling to pay their mortgage? we don't want to see taxes go up anymore. what's that going to do to somebody who already has now just experienced a tax hike. we want to make life work again, and the path to do that does include trying to get a handle on the fiscal situation here in washington, but it also means putting in place policies that help people with their health care costs, their education needs, college tuition and the rest. >> you want to make people's lives better. some might ask how you can do that and still slash the federal budget the way you want to slash in order to meet your other goal, which is to reduce the deficit. >> well, again, these are, you know, things that we're trying t
. the president has also been slammed for ignoring his deficit commission." so is he at odds with eric cantor? is he right? >> well i've chose on it stay out of the politics and try to focus on policy and particularly try to focus on building bipartisan support for policies around entrepreneurialship. the reason we're the leading competent in the world isn't the work of an accident but entrepreneurs. focusing on people and watching that, ultimately in the action of playing companies but washington plays a role making it easier to invest, improving access to talent around immigration, improving access to capital with crowd funding and ipos with the jobs act, it only can happen in a bipartisan way so i understand kind of the debates and the fun when people go back and forth with the talking points. the reality is republicans and democrats have come together around entrepreneurship over the past couple years, we need to continue to build progress with or without a jobs council and that's what i'll continue to try to help facilitate. >> steve case thank you for joining us this morning. we appreci
't finish the job of deficit reduction through spending cuts alone. we can't. >> yes, we can. yes, we can. >> god bless you and god bless the united states of america. >> that's what i'm talking about right there. >> a little something light hearted for you this morning. "early start" continues right now. >>> new developments in the all-out man hunt for a suspected cop killer right now. police blanketing a ski resort. >>> monster blizzard. boston and new york right in the path of this thing. thousands of flights already canceled. good morning. it is friday. welcome to "early start." so much going on. >> i love all your energy. great to have you. >> it's going to be a big weekend. shoveling snow. that's what berman is probably doing. >> boston is really getting hit hard. i'm zoraida sambolin. friday, february 8th. up first, we are bracing for that big one. right now millions of people from maine to new jersey are waiting for a blizzard that could actually rewrite the history books, folks. take a look at the radar of this storm right now. forecasters are using words like epic, historic, to
and hurts business hiring. republicans will say you've got to decrease the deficit and the president will say, you know what, we have to perhaps think about spending a little bit of money to get out of this and to try and reduce that unemployment. so they are going to come at it from different sides, wolf. the big thing to think about here is the president's approval rating. it is now at 52%. that gives him an awful lot of leverage on these economic issues. >> he's going to need that if he's going to get some of these agenda items through. >> every bit of it. >>> a u.s. senator's travel habits are under fire right now and may land him in serious legal trouble. we have the document showing that senator bob menendez, did not, as requested, to report that he accepted free plane trips. >>> and the fall of a man who was once the most catholic leaders in the united states. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, pl
Search Results 0 to 12 of about 13 (some duplicates have been removed)